Months of Inventory (M.O.I.) report for the Central Alberta market

central-alberta real estate inventory

The local real estate months of inventory or (M.O.I.) rate could be the most important real estate data to impact your real estate buying and selling decisions… and it’s important to understand why.

!IMPORTANT READ!
Market’s are healthy in every community besides Stettler. Stettler has way too many homes listed for the number of sales they average each month. Other towns in Central Alberta have shown great improvement and could see prices stabilize and or increase.

4 of the 8 communities tracked are now witnessing a “seller’s market.”


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If you need to discuss any real estate news in addition to months of inventory or the critical approach required to maximize your home sale while saving money in 2020 call Blake King with Big Earth Realty (403) 350-7672.

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NOTE!
High inventory will affect prices
, however, on the other hand, if you’re a buyer you can take advantage of high inventory at lower prices. The right purchase approach with an astute Realtor® can get you a very low purchase price right now.

To encourage normal growth we need months of inventory or M.O.I. rates below the 5-month range. Scroll down for this month’s inventory rates through Central Alberta.

When buying or selling property take into consideration the local inventory stats. It’s the most important real estate news especially if you’re planning to sell your home. When months of inventory levels are high prices stay flat or decrease. When inventory levels are low homes will sell faster and prices will increase.

(Seller’s market) with inventory rate below 4.3 months!
———————————————–
(level 1) moderate buyers market  (4.3 – 6 months m.o.i.)
(level 2) steep buyers market  (6.1 – 8 months m.o.i.)
(level 3) advanced buyers market  (8.1 – 10.4 months m.o.i.)
(level 4) extreme buyers market  (10.5+ months m.o.i.)

Below are “single-family detached” for sale inventory levels in Red Deer and towns through Central Alberta. The “average # of homes selling ea. month” is calculated using the last 60 day sales.

FIND PAST RESULTS AT WWW.HOMESCOPE.CA

Dec 12, 2019, Jan 17, Feb 24, Mar 16, April 15th, May 19th, June 23rd, July 16th, Aug 31, Sept 17 2020 – click the link above for previous months m.o.i. numbers. 


Red Deer

properties currently for sale – 364/318/368/383/365/355/400/415/395/410
avg # of homes selling ea. month – 62/52/50.5/62/58/44/67/91/103.5/100
M.O.I. currently for sale in Red Deer – 5.9/6/7.3/6.2/6.3/8/6/4.6/3.8/4.1 m.o.i.

  • (Seller’s market!) with inventory rate below 4.3 months!⬇︎
  • Listings aren’t low but sales are high enough to handle it!

Penhold 

properties currently for sale – 23/23/34/41/45/44/35/26/29/30
avg # of properties selling ea. month – 3/2.5/2/3/4.5/5/7/4/4/9
inventory currently for sale in Penhold – 8/9/17/14/10/9/5/6.5/7.3/3.3 m.o.i.
*including Springbrook

  • (Seller’s market!) with inventory rate below 4.3 months!⬇︎
  • High sale in Penhold helps lower inventory rate or m.o.i.

Sylvan Lake 

properties currently for sale 116/105/125/132/123/125/143/148/118/118
avg # of homes selling ea. month – 8/7/8/10.5/16/14.5/19/18/26.5/28.5
inv. currently for sale in Sylvan Lake – 14.5/15/16/12.6/7.7/8.6/7.5/8.2/4.5/4.1 m.o.i.

  • (Seller’s market!) with inventory rate below 4.3 months!⬇︎
  • High sales for another month help m.o.i.

Blackfalds 

properties currently for sale – 70/63/64/69/66/65/71/80/79/75
avg # of properties selling ea. month – 10/6.5/7.5/11.5/9.5/3.5/9.5/12/14.5/13.5
inventory currently for sale in Blackfalds – 7/10/8.5/6/7/18.6/7.5/6.7/5.5/5.5 m.o.i.

  • (level 1) moderate buyers market  (4.3 – 6 months m.o.i.)
  • Not a bad m.o.i. but still a buyer’s market

Lacombe 

properties currently for sale – 101/93/87/101/97/98/109/112/96/98
avg # of properties selling ea. month – 9/8.5/10/11/6.5/8/12.5/15.5/28/25
inventory currently for sale in Lacombe – 11/11/8.7/9.2/15/13/8.7/7.2/3.4/3.9 m.o.i.

  • (Seller’s market!) with inventory rate below 4.3 months!⬆︎
  • A very low m.o.i. in Lacombe contributing to the current seller’s market

Innisfail 

properties currently for sale – 59/49/56/70/68/78/77/75/61/59
avg # of properties selling ea. month – 7/6/5.5/6/5/3.5/4.5/7/11.5/11
inventory currently for sale in Innisfail – 8.4/8/10/12/13.6/22.8/17/11/5.3/5.4m.o.i.

  • (level 1) moderate buyers market  (4.3 – 6 months m.o.i.) ⬆︎
  • A very low m.o.i. in Lacombe contributing to the current seller’s market

Ponoka 

properties currently for sale – 59/52/66/69/68/68/68/60/64
avg # of properties selling ea. month – 3/1.5/3.5/5.5/3.5/6/8.5/10/11.5
inventory currently for sale in Innisfail – 20/35/19/12.5/18/11.3/8/6/5.6 m.o.i.

  • (level 1) moderate buyers market  (4.3 – 6 months m.o.i.) ⬇︎
  • The inventory level in Ponoka is better than it’s been for a long time with some higher sales to help.

Stettler

 properties currently for sale – 38/33/39/40/36/69/35/42/49/52
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vg # of properties selling ea. month – 4/3.5/2/2/5/2.5/5/8/5.5/5.5
inventory currently for sale in Stettler – 9.5/9.4/20/20/7/28/7/5.3/8.9/9.5 m.o.i.

  • (level 3) advanced buyers market  (8.1 – 10.4 months m.o.i.) ⬆︎
  • Inventory is way to high for a market with so few sales!

Find past results at www.HomeScope.ca

Even with high inventory, homes still sell, but the price is key **list slightly too high and your property will sit indefinitely if home prices aren’t increasing. Allowing your home to sit ‘for sale’ for months will affect its value now and down the road.

real estate news and inventory report for central alberta
Learn how to buy sooner, save the most money and find that home that’s perfect for you!

www.HomeScope.ca is where all past Red Deer real estate news, information and stats are located for viewing. Recently however I’m having trouble with the host and access to the site for updates. I’ve had similar service problems over the last 24 months with HomeScope.ca’s current service host so I’ve started www.iOnRealEstate.ca to mirror and gradually replace HomeScope.ca. iOnRealEstate.ca will begin to carry the same important local real estate market news, information and statistics.

Blake King
Big Earth Realty
(403) 350-7672

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